In the Chinese survey, the question regarding willingness to pay asked was as follows:
âIf this emissions reductions policy is implemented before 2010, how much are you willing to pay in order to support the governmentâs actions toward emission reduction? Please select the amount of money that you would be willing to pay each year (Chinese Yuan): (0, 60, 80, 110, 130, 155, 200, 240, 290, 310, 370, 440, 500, 550, 600, 660, 720, 800, 1000, 1500, 2000)â. What is the above style of questioning called under the Contingent Valuation Technique? a) Write the same question adopting an Open-ended style. What is the advantage of the style of questioning in the sample survey over an Open-ended elicitation style.
b) The survey was done in University campuses, bus stops, tourist spots, parks, etc. with population from different age groups and gender. The mean WTP found was Chinese Yuan 200. Would median value give a better estimate of WTP in this case, explain why or why not.
In the Chinese survey, the question regarding willingness to pay asked was as follows:
âIf this emissions reductions policy is implemented before 2010, how much are you willing to pay in order to support the governmentâs actions toward emission reduction? Please select the amount of money that you would be willing to pay each year (Chinese Yuan): (0, 60, 80, 110, 130, 155, 200, 240, 290, 310, 370, 440, 500, 550, 600, 660, 720, 800, 1000, 1500, 2000)â. What is the above style of questioning called under the Contingent Valuation Technique? a) Write the same question adopting an Open-ended style. What is the advantage of the style of questioning in the sample survey over an Open-ended elicitation style.
b) The survey was done in University campuses, bus stops, tourist spots, parks, etc. with population from different age groups and gender. The mean WTP found was Chinese Yuan 200. Would median value give a better estimate of WTP in this case, explain why or why not.
